I'm hopefully about to have a contract on my home. Is there anyway to get the lenders to expedite the closing? It will probably be a rural development loan. I'd like to get closing done before I have to get vacant home coverage.

Tia

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Posted by CajunTigerBabe

Lafayette

Member since Sep 2012

209 posts

Posted on 11/17/12 at 8:08 am to dillpickleLSU

Rural Development is very backed up. My RD loans are taking over 45 days now. It is not the lenders fault. Blame it on the government.

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Posted by ItNeverRains

37069

Member since Oct 2007

25360 posts

Posted on 11/17/12 at 9:29 am to dillpickleLSU

Insurance will prorate back what coverage you don't use when you sell.

Possession takes place on date of deed. Protect yourself before you riggidy wreck yourself

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Posted by dillpickleLSU

Philadelphia, PA

Member since Oct 2005

26269 posts

Posted on 11/17/12 at 10:53 am to CajunTigerBabe

Can I pay a fee to light a fire under someone's arse??

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Posted by 756

Member since Sep 2004

14850 posts

Posted on 11/17/12 at 11:11 am to dillpickleLSU

its the underwriters no one else and short of your mortgage broker being able to expedite the answer is no

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Posted by CajunTigerBabe

Lafayette

Member since Sep 2012

209 posts

Posted on 11/17/12 at 9:20 pm to dillpickleLSU

Nobody can expedite RD. Sorry. They are underwriting files received on Oct. 22nd as of Friday. It will be a while.

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Posted by lsu tigerdog

Baton Rouge

Member since Nov 2007

246 posts

Posted on 11/19/12 at 1:20 pm to dillpickleLSU

rural development is very backed, they only have a handful of folks processing these loans that cover the whole state of LA, their going get backed up even more when they shut down this thursday and friday

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